---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-258571"
form_type: "8-K"
ticker: "PLMR"
cik: "0001761312"
company_name: "Palomar Holdings, Inc."
filed_at: "2025-10-30T23:59:59+00:00"
generated_at: "2026-05-17T01:23:32.636740+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Palomar acquires Gray Surety for $300M; deal expected to close H1 2026

## Summary
- Purchase price $300M cash for all equity of The Gray Casualty & Surety Company.
- Gray Surety is a Treasury-listed surety carrier specializing in contract bonds for midsized contractors; licensed in 50 states.
- Expected close in H1 2026, subject to HSR clearance and other regulatory approvals.
- Transaction approved by boards; Palomar CEO highlights enhanced surety franchise and Palomar 2x strategy.
- Cullen Piske (Gray Surety President) to join Palomar; financial advisors Evercore and J.P. Morgan involved.

## SEC filing metadata
- accession: 0001193125-25-258571
- form_type: 8-K
- ticker: PLMR
- cik: 0001761312
- company_name: Palomar Holdings, Inc.
- filed_at: 2025-10-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1761312/000119312525258571/0001193125-25-258571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761312/000119312525258571/plmr-20251027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-258571
- JSON: https://secwatch.observer/filing/0001193125-25-258571.json
- Plain text: https://secwatch.observer/filing/0001193125-25-258571.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.